Question
A realtor reviews a set of houses and determines that the median house price is $250,000 and the sample mean house price is $285,000.
A realtor reviews a set of houses and determines that the median house price is $250,000 and the sample mean house price is $285,000. Upon reviewing the individual data point, she finds an error. A house that was listed at $7,000,000 was actually $700,000. After she corrects this error, what happens to her measures of center?
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Business Analytics Communicating With Numbers
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
1st Edition
978-1260785005, 1260785009
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